Authorities of the Atuabo Gas Processing Plant have allayed fears that they will shut down the plant come Christmas day, 25th December over delays in raising the required funds to renew its insurance cover.

News from parliament on Friday suggested that the needed to 2.5 million dollars to renew the Gas Plant's operating insurance cover and additional funds to replace a faulty compressor.

Member of the Energy Committee of Parliament, William Owuraku Aidoo, who first raised the issue, told Joy News a possible shut down could result in parts of the country being plunged into darkness from Christmas day.

“We have never made such a presentation to the Select Committee of Parliament. We never told them that we are going to shutdown by 25 December based on our inability or challenges with the renewal of our insurance cover, because as I speak to you now our insurance cover is valid and remains valid throughout the whole year,” he said.

He said although there would be a need to renew the insurance cover by end of 2015, “plans are far ahead to ensure that payment is made by end of the year”.

Meanwhile controversy over the 225MW Ameri Power Plant continues with the AMERI Group filing a suit against the Norwegian Newspaper Verdans Gang AS to the tune of $150 million for what it describes as unsubstantiated fraud allegations against the Group in the supply of a 225 MW plant to Ghana.

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Emmanuel Quist Reporter - Pulse. Ghana's economy is extremely dynamic, with its own politically- induced challenges and successes. I am dedicated to telling stories about the figures, successes and prospects of Ghana's economy. I am a graduate of the University of Ghana, and a journalist in the fourth year of practice